Vita Coco Company, Inc. (COCO) ended the recent trading session at $73.71, demonstrating a -10.71% change from the preceding day’s closing price. This change lagged the S&P 500’s 0.05% loss on the day. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 0.24%.
Coming into today, shares of the company had gained 6.68% in the past month. In that same time, the Consumer Staples sector lost 0.16%, while the S&P 500 lost 1.42%.
The investment community will be paying close attention to the earnings performance of Vita Coco Company, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.56, marking a 47.37% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $204.65 million, indicating a 21.27% upward movement from the same quarter last year.
COCO’s full-year Zacks Consensus Estimates are calling for earnings of $1.76 per share and revenue of $740.04 million. These results would represent year-over-year changes of +47.9% and +21.36%, respectively.
Any recent changes to analyst estimates for Vita Coco Company, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there’s been no change in the Zacks Consensus EPS estimate. Vita Coco Company, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Vita Coco Company, Inc. currently has a Forward P/E ratio of 46.84. This represents a premium compared to its industry average Forward P/E of 19.36.
We can also see that COCO currently has a PEG ratio of 1.98. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company’s projected earnings growth. The Beverages – Soft drinks industry had an average PEG ratio of 2.15 as trading concluded yesterday.
The Beverages – Soft drinks industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 61, finds itself in the top 25% echelons of all 250+ industries.
